The price of oil was higher after strong gains last week on
increasing hopes the market has bottomed out and as OPEC kingpin
Saudi Arabia said it would work with other producers to limit
oil market volatility.

Gold was on track for its biggest monthly gain in four
years, as the precious metal rediscovers its role as a shelter
for risk-averse investors in the face of tumbling equities and
fears of a global economic slowdown.